Discuss the pros and cons of gambling and state what the California Court of Appeals ruled regarding the treatment of gambling on credit
Almost all states permit some form of wagering. Supporters of gambling say that casinos create jobs and steady income, provide money for the state, and take business away from organized crime. Opponents argue that naive citizens inevitably lose money they can ill afford to forfeit, and that addicted gamblers destroy their families and weaken the fabric of communities. Many states do not allow gambling on credit. The California Court of Appeals in Metropolitan Creditors Service of Sacramento v. Sadri, states, "There is a special reason for treating gambling on credit differently from gambling itself. Having lost his or her cash, the pathological gambler will continue to play on credit, if extended, in an attempt to win back the losses. This is why enforcement of gambling debts has always been against public policy in California and should remain so, regardless of shifting public attitudes about gambling itself. If Californians want to play, so be it. But the law should not invite them to play themselves into debt. The judiciary cannot protect pathological gamblers from themselves, but we can refuse to participate in their financial ruin."
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All of the following would appear on the statement of stockholders' equity except
A) declaration of cash dividends. B) an issuance of common stock. C) net income. D) declaration of a stock split.
Which of the following statements is FALSE? In nuisance law
A) the harm can be minimal and reasonable but still result in the defendant being liable B) the government can sue if it is a public nuisance C) picketing by workers can be considered a nuisance in some situations D) the court will consider the importance of the activity complained of E) the court will consider the nature of the area and the duration of the activity
How does an individual's social class influence the products he or she buys?
What will be an ideal response?
The two major types of product advertising are
A. institutional and advocacy. B. pioneer and competitive. C. competitive and comparative. D. advocacy and competitive. E. informative and comparative.